Thursday, June 13, 2024
HomeHarley DavidsonCheap? Maybe. But These Stocks Have Been Dead Money for Decades

Cheap? Maybe. But These Stocks Have Been Dead Money for Decades

Cheesecake Factory appears to be “running the same play,” wrote J.P. Morgan analyst John Ivankoe in a recent restaurant industry outlook. I don’t think he meant it as a compliment—the stock, he noted, trades where it did in 2004, adjusted for splits.
Why the long stall-out? My first thought was that maybe hitting the mall for a hypercaloric sit-down meal off a menu the size of a Gutenberg Bible has fallen out of favor over the years. But no: Sales have bounced back and then some from the Covid pandemic, with plenty of takeout business and dessert orders. The average Cheesecake Factory (ticker: CAKE) restaurant does more than $10 million in yearly sales, or twice as much as an Olive Garden.

web-interns@dakdan.com

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

Translate »
×